a year ago

Wordsmith Raises $5 Million to Bring AI Paralegals to All Employees

  • Wordsmith, a Scottish legal tech startup, has raised $5 million in seed funding from Index Ventures, General Catalyst, and Gareth Williams, founder of Skyscanner

  • The startup's AI platform helps in-house legal teams and law firms automate legal tasks, such as reviewing contracts and answering questions about documents

  • Wordsmith aims to make legal expertise accessible to all employees within a company, with lawyers remaining available for oversight

  • The company has already secured notable customers, including Trustpilot, and is partnering with DLA Piper.

      • ProblemLegal Services

      "Employees in companies often need quick and easy access to legal information, but consulting with the legal team can be time-consuming and expensive."

      Solution

      "Wordsmith is an AI-powered platform that acts as a "lawyer-in-the-loop," allowing companies to configure it with their legal data and policies. This enables employees to get answers to common legal questions, review contracts, and access legal information without needing to consult a lawyer directly for every query, freeing up the legal team's time for more complex issues."

      Covered on